By John Letzing

ZURICH-Switzerland's KOF leading economic indicator fell in November, as the country continues to grapple with a strengthened Swiss franc.

The indicator, which is compiled by the KOF Swiss Economic Institute and projects how the local economy will develop in the near future, fell to 97.9 in November, compared with a revised 100.4 in the previous month, according to data published on Monday. Economists had expected a reading of 99.5.

The export-driven Swiss economy has been burdened recently by the stronger value of the Swiss franc relative to the euro, which has in turn raised the prices for Swiss goods in primary export markets in the eurozone.

KOF said on Monday that a negative sentiment on Swiss exports continued in November, particularly in the metals and electronics industries.

Write to John Letzing at John.Letzing@wsj.com

(END) Dow Jones Newswires

November 30, 2015 03:29 ET (08:29 GMT)